The TAC development team has issued a formal statement regarding the sudden decline in the value of the TAC token. Following a period of significant price volatility, the project’s representatives clarified that the downturn was not the result of a security breach or internal mismanagement. Instead, the team attributed the market movement to a specific technical event involving leveraged positions that impacted the broader spot market.
Market Mechanics and Liquidity Analysis
According to the official investigation, the price plunge was triggered by a large perpetual contract sell order executed within a low-liquidity environment. This initial transaction initiated a liquidation chain reaction, a phenomenon where falling prices trigger the automatic closing of long positions, further accelerating the downward momentum.
- All on-chain assets remain fully secure.
- No evidence of hacks or exploits was discovered during the internal audit.
- Project tokens belonging to the team and early backers remain locked in accordance with the original vesting schedule.
- The selling pressure originated from derivative markets rather than fundamental spot selling.
Strategic Response and Future Outlook
In light of the recent market instability, the TAC leadership emphasized that token unlocking has not yet commenced, dismissing rumors of insider selling. The team is currently analyzing the market structure to prevent similar occurrences in the future. Perpetual contracts can often exacerbate price movements in emerging markets where order books may not be deep enough to absorb large liquidations without significant slippage.
The team is researching measures to strengthen market structure and deepen liquidity, with specific details to be announced later this month.
Moving forward, the project plans to introduce new initiatives aimed at deepening liquidity across various exchanges. These measures are intended to provide a more robust trading environment for the TAC ecosystem. Investors and community members can expect a detailed roadmap regarding these structural improvements before the end of July 2026.
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